Millennium Management LLC Has $2.09 Million Position in F&G Annuities & Life, Inc. (NYSE:FG)

Millennium Management LLC boosted its holdings in F&G Annuities & Life, Inc. (NYSE:FG - Free Report) by 311.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,443 shares of the company's stock after acquiring an additional 38,185 shares during the quarter. Millennium Management LLC's holdings in F&G Annuities & Life were worth $2,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its stake in F&G Annuities & Life by 527.8% in the third quarter. Barclays PLC now owns 42,524 shares of the company's stock valued at $1,902,000 after acquiring an additional 35,750 shares during the period. Kelly Financial Group LLC bought a new stake in F&G Annuities & Life during the fourth quarter worth about $4,144,000. Dimensional Fund Advisors LP grew its stake in F&G Annuities & Life by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after buying an additional 42,081 shares during the last quarter. Raymond James Financial Inc. bought a new stake in F&G Annuities & Life during the fourth quarter worth about $604,000. Finally, Principal Financial Group Inc. grew its stake in F&G Annuities & Life by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 125,582 shares of the company's stock worth $5,205,000 after buying an additional 5,246 shares during the last quarter. Institutional investors own 95.86% of the company's stock.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $30.78 per share, for a total transaction of $461,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 889,964 shares of the company's stock, valued at approximately $27,393,091.92. This represents a 1.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder National Financial I. Fidelity acquired 4,500,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $33.60 per share, for a total transaction of $151,200,000.00. Following the completion of the acquisition, the insider now directly owns 110,483,243 shares of the company's stock, valued at $3,712,236,964.80. This trade represents a 4.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 4,575,000 shares of company stock worth $153,673,720. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

FG has been the topic of several research analyst reports. Barclays decreased their price objective on shares of F&G Annuities & Life from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Stephens reaffirmed an "equal weight" rating and set a $47.00 price objective on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Price Performance

Shares of FG stock traded up $0.14 during trading hours on Thursday, reaching $32.54. 11,118 shares of the company were exchanged, compared to its average volume of 146,395. F&G Annuities & Life, Inc. has a fifty-two week low of $30.10 and a fifty-two week high of $50.75. The stock's fifty day moving average is $33.71 and its two-hundred day moving average is $39.86. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 6.70 and a beta of 1.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. Sell-side analysts forecast that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.70%. F&G Annuities & Life's payout ratio is 23.34%.

About F&G Annuities & Life

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.